New Issue: HSBC prices $8.95 million of six-year Stars linked to S&P 500 index

By Susanna Moon

Chicago, Feb. 3 – HSBC USA Inc. priced $8.95 million of 0% Strategic Accelerated Redemption Securities due Feb. 10, 2017 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 9.42% if the index closes at or above its initial level on any of three quarterly review dates.

The payout at maturity will be par unless the index falls, in which case investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$8,951,210
Maturity:	Feb. 10, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless the index falls, in which case exposure to any losses
Call:	At par plus 12.8% annualized if index closes at or above initial level on July 22, 2016, Oct. 21, 2016 or Feb. 3, 2017
Initial index level:	1,893.36
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Underwriter:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	40434E259

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.